Daily Degen 2022 July 2 🦍📓

TLDR;

- June down only stats

- Discussion on CeDeFi vs DeFi

- Wonderland to invest in Sifu Vision token

- 3AC files for bankruptcy

- NFT under-cutters revealed

++ Gud threads on being anon and the future of NFTs

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1/ @lars0x with a solid summary of June

Lars @lars0x

1/13 June summary 🧵 Overall a very bearish month marked by the events surrounding 3AC. Another highlight: FTX spot > Coinbase spot for the 2nd consecutive month. Total adjusted on-chain volume decreased by 36.3% to $498B (BTC: -36.4%, ETH: -36.2%):

2/ Gud discussion with several big brains (@0xfoobar, @AriDavidPaul, @cobie, @scott_lew_is, etc) about why DeFi is still chugging along

Alex Gladstein 🌋 ⚡ @gladstein

I don’t understand the “CeFi failed but DeFi stayed strong” narrative What do you think brought the failed CeFi institutions down? Too much reliance on treasuries?

3/ Funds are literally with @0xSifu now

The Block @TheBlock__

Wonderland passes vote to invest $25 million in Sifu Vision theblock.co/post/155433/wo…

4/ The end of an era

unusual_whales @unusual_whales

BREAKING: 3AC, Three Arrows, has just filed for chapter 15 bankruptcy.

5/ It all makes sense now

MinisterOfNFTs 🔮 @MinisterOfNFTs

That one guy that undercuts the floor by 10%:

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Bonus Threads 🧵

@ExaltedFoks on anonymity and pseudonymity

foks @ExaltedFoks

ive been studying anonymous culture recently and have been inspired by two legends in the music & fashion world. MF DOOM and martin margiela both chose to remain anonymous in order to exalt their persona and work respectively. some history and thoughts: 1/x

@chriscantino on the future outlook of NFTs

cantino.eth @chriscantino

Where NFTs go from here. 🧵